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$559,900
Available - For Sale
Listing ID: X10415324
CALLING LONDON INVESTORS: Welcome to 1942 Duluth Cres, a fully renovated investment gem (8.57% CAP RATE) in the heart of London. This spacious bungalow features a 3+3 bedroom, 1+1 bathroom, 1+1 kitchen layout on a generous 50x136 ft lot. Completed in 2022, the modern renovation includes great finishes throughout, making this property as turnkey as they come. Generating $4,000/month in rental income, its an excellent opportunity for investors. The open-concept main floor offers a bright and inviting living space, with a contemporary eat-in kitchen that showcases upgraded cabinetry and sleek, modern appliances. Each of the three bedrooms on this level provides ample room for relaxation, and the seamless flow between the kitchen, dining, and living areas creates an ideal setting for entertaining or family gatherings. A separate side entrance leads to a fully finished in-law suite featuring 3 Bedrooms, 1 Bathroom, laundry, and kitchen. Outside, the expansive backyard offers endless possibilities for outdoor enjoyment, with plenty of space for relaxing or social gatherings. Nestled in a vibrant community, 1942 Duluth Cres provides easy access to Forest View Park, the Thames River pathway, and is only minutes from major amenities including dining, shopping, and groceries. The location is ideal, with convenient access to the 401 and proximity to the airport, making citywide travel a breeze. Don't miss this opportunity to own a beautifully modernized cash flowing investment property in one of London's most accessible and desirable rental neighbourhoods! Property is being offered in AS-IS condition and buyer to assume tenants to continue their existing lease.
Extras:   8.57% CAP RATE, Closing Anytime
Price $559,900
Taxes: $3,479
Address: 1942 Duluth Cres , London, N5V 1H7, Ontario
Lot Size: 50.13 x 136.61 (Feet)
Directions/Cross Streets: Trafalgar St & Clarke Rd
Rooms: 6
Rooms +: 6
Bedrooms: 3
Bedrooms +: 3
Washrooms: 2
Kitchens: 1
Kitchens +: 1
Family Room: Y
Basement: Finished
Sep Entrance
  Level/Floor Room Length(ft) Width(ft) Descriptions
Room 1: Main Kitchen 11.41 10.00
Room 2: Main Living 11.41 17.48
Room 3: Main Br 13.42 8.99
Room 4: Main 2nd Br 11.41 8.00
Room 5: Main 3rd Br 11.32 9.91
Room 6: Main Bathroom 7.84 4.76 4 Pc Bath
Room 7: Lower Kitchen 0.00 0.00
Room 8: Lower Br 0.00 0.00
Room 9: Lower 2nd Br 0.00 0.00
Room 10: Lower 3rd Br 0.00 0.00
Room 11: Lower Living 0.00 0.00
Room 12: Lower Bathroom 0.00 0.00 3 Pc Bath
No. of Pieces Level
Washroom 1:  4 Main
Washroom 2:  3 Lower
Property Type: Detached
Style: Bungalow
Exterior: Brick
Garage Type: None
(Parking/)Drive: Private
Drive Parking Spaces: 3
Pool: None
Fireplace/Stove: N
Heat Source: Gas
Heat Type: Forced Air
Central Air Conditioning: Central Air
Laundry Level: Main
Sewers: Sewers
Water: Municipal
Utilities-Cable: A
Utilities-Hydro: Y
Utilities-Gas: Y
Utilities-Telephone: A
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RARE REAL ESTATE

1942 Duluth Cres , London, N5V 1H7, Ontario


 
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At a Glance:
Type: Freehold - Detached
Area: Middlesex
Municipality: London
Neighbourhood: East I
Style: Bungalow
Lot Size: 50.13 x 136.61(Feet)
Approximate Age:
Tax: $3,479
Maintenance Fee: $0
Beds: 3+3
Baths: 2
Garage: 0
Fireplace: N
Air Conditioning:
Pool: None
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